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Admin
February 03, 2026
Yamuna Expressway Authority Extends Residential Plot Draw Near Noida Airport to October 10, 2024
Draw Date for Noida Airport Plots Extended to Oct 10, 2024
YEIDA, which stands for Yamuna Expressway Industrial Development Authority has emerged as a hope for investors and home buyers to attain great benefits from the fast-emerging Noida area. The latest in the series of such announcements is the draw date extension for the much anticipated 361 dwelling plots out of the multistoried complexes for residential purposes in sectors 16, 18, 20, and 22-D which has been widely advertised. Initially to be conducted on September 20, 2024, this has been shifted to October 2024 respectively. This was after likely buyers demanded extra time to submit their bids, after increasing their bidding amounts.
To meet this demand, YEIDA has decided to reopen and extend applications to August 23 to anyone interested in getting a residential plot in this rapidly developing region.
Accessibility and Anticipated Market Desirability
These residential plots are designed and developed under this scheme in an area that has good prospects for further development. These plots are located on the Yamuna Expressway and proposed infrastructure development projects, therefore are a lucrative investment. Its accessibility and connectivity to other cities could be given by the nearby Eastern Peripheral Expressway (EPE). The proposed Film City will provide entertainment facilities for the region whereas new new-generation Noida International Airport (Jewar Airport) one of the biggest airports proposed in India has huge development potential.
Due to this strategic location, the residential plots are closely situated to potential areas of development that will harbor residential as well as commercial activities in the future.
YEIDA after the Polls Frame New Schemes for Commercial Plots and Shops
Realizing the growth of the region and the increase in the demand for commercial space YEIDA has also launched schemes for the commercial plots and shops in Greater Noida sectors 22D and 22A. This makes these schemes suitable for those companies who wish to ride on the development expected for the coming new Noida International Airport and other related developments.
The commercial scheme provides five sorts of shops and six sorts of commercial plots with a dimension range of 31. 22 to 140 square meters Some boardrooms are very small in size with a space of 22 square meters while others are relatively large boardrooms occupying about 140 square meters. The reserve price premiums of these plots and shops are fixed at ₹1. 19 crore to ₹4. 44 crore. YEIDA has stated that the allocation will be done on an e-auction basis with applications up to September 6 only.
This initiative is in line with YEIDA’s master plan for promoting economic zones in the area; apart from offering the most suitable commercial land and building space in strategic areas, they are likely to draw business ventures for promoting the economy of the area.
With the Noida International Airport nearing, Land Prices Sky Rocket in Jewar
Outright development activity has come up due to the current construction of the Noida International Airport in Jewar which has pushed up the prices of the land exponentially. The land price of Jewar has risen more than fourfold since 2018 on the back of the airport project. While the price per hectare was ₹25-28 lakh in 2018 it has risen to ₹ 1 crore in the current year.
This we have seen escalated by rising interest in property investment and absorption of housing units by users. It has acted as the key to encouraging the growth of the region and as such, a lot of real estate developers have waded in the region aiming at unlocking this potential.
A considerable number of under constructions for residential use are nearly ready for occupancy, which is another factor that has put pressure on the upward trend of prices in properties. Some of the developers have embarked on big projects, examples of which include Ace, Nimbus Realty, and Gulshan group; they later came up with luxury residential development in a joint venture with the Jaypee group covering an area of 1. 5 million square feet.
Conclusion
With the ongoing development of the Noida Jewar corridor, the residential as well as the commercial plot schemes with YEIDA present good investment opportunities for investors and end-use for the residence seekers. Owing to the extension of the draw date of residential plots and the introduction of new commercial schemes, it is high time to invest in real estate in such a promising area. Current key infrastructure projects such as the Noida International Airport and other projects underway hold the promise of transforming the area hence the current real estate could be considered as promising.